Reverse Mortgage Rates and Origination Fees for Thursday, November 30, 2017
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up again this week on a slightly lower fee quote. The lowest reported origination fee was down by $250 on a slightly higher rate quote.
Wednesday, November 30 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate Nov 30 3.436% $4,250 $76,140 + $62,155
Change from November 22 +0.030 -$250 +$118
Lowest Origination Fee Nov 30 3.936% $2,200 $72,860 + $58,577
Change from November 22 +0.030 -$250 +$367
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank, Bank of England, Longbridge Financial
2 Adjustable-rate pricing published every Wednesday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.